Ryan Breslow, the founder of Bolt, is back as CEO of Love; & more!

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NEWS HIGHLIGHT

Ryan Breslow, the founder of Bolt, is back as CEO of Love. Love is still in its early stages, but in August it raised $7.5 million at a $180 million valuation from MaC Venture Capital and Human Capital. Breslow is running a new funding round, raising another $10 million, this time at a $300 million plus valuation. Link here.

#Payments

• PayQuicker launched Payouts OS. PayQuicker’s API connects to more than ten payout partners, enabling payouts in more than 200 countries and territories in more than 40 currencies. Link here

#FinTechInnovation

• Front launched an API platform. The firm allows emerging FinTech companies access to a unique network of 250+ global integrations with brokerages and exchanges. Link here

DIGITAL BANKING NEWS

#BankingIndustry

• Kuda incurred a loss of over ₦6 billion in 2021. Kuda MFB, a neobank operating under the Nigerian microfinance bank licence, has recorded losses for the past two years. Link here.

#Partnerships

• Goldman partnered with Modern Treasury. The partners say they will help joint customers seamlessly embed and scale domestic and international payments into their products. Link here

#BankingInnovation

• Zengin-Net, will make its system available to operators of mobile payment services. The expansion of eligibility to participate in the Zengin-Net system comes amid the spreading use of payment apps such as PayPay. Link here


• Paysend launched an instant payment service. Paysend’s Open Payment Network orchestrates the end-to-end pymnt flow including payment initiation, processing, FX and settlement. Link here